Nifty Support Resistance Levels For 27-Oct-2010

As the expiry of october series is approaching, we see Nifty to trade in tight range today, also the volatility will be high. So, wait for the breakout in either direction before entering the trade today.

Nifty:
Resistance : 6128 / 6163
Support : 6056 / 6014

Our Trading View: One can enter buy position once nifty comes in support area near 6056 levels. The 6056 level will act as a good support for Nifty. For all the long(Buy) positions near 6056, one can keep the target at 6081.

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